Capital Mortgage Funding

What Capital Mortgage Funding does

Capital Mortgage Funding is a privately held residential mortgage banking firm founded in Spring 1992 by Harry Glanz and Dan Burke in Southeast Michigan. The company operates as a mortgage bank — not a brokerage — meaning it originates, processes, underwrites, and closes loans internally rather than routing them through third-party lenders, which eliminates intermediary fees and provides pricing flexibility. Its core product portfolio spans seven residential loan categories: Conventional, FHA, VA, USDA, Jumbo, Renovation, and First-Time Homebuyer loans, supplemented by purchase and refinance services. As of October 2023, the firm operates as a brand powered by CMG Home Loans (NMLS ID #1820), a national mortgage platform whose parent CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia.

The company's distribution is multi-channel. Primary origination flows through direct sales via a team of senior loan officers, with multi-state licensed staff covering Michigan, Florida, Georgia, Texas, and Ohio. A secondary B2B channel provides mortgage fulfillment outsourcing to community banks and credit unions nationwide, led by VP John Teweles. A third channel offers employee benefit programs to corporations, organizations, and municipalities, providing closing-cost discounts and educational seminars. Top-of-funnel demand is generated through referral partnerships with realtors, builders, developers, CPAs, and financial planners, as well as through owned media assets including The Hardcore Mortgage Show on 97.1 FM The Ticket (running for nearly 20 years) and The Hardcore Mortgage Podcast, launched February 2020.

Revenue is generated transactionally through loan origination fees and secondary-market sales of originated loans, with no subscription or recurring pricing model. Pricing is quote-based and not publicly disclosed. The firm is headquartered in Southfield, Michigan, with a branch office in Bingham Farms, employs 51–100 people, and has been recognized as one of the largest independently owned mortgage banking firms in Southeast Michigan. No external funding rounds, revenue figures, or detailed ownership structure are disclosed.

Name

Capital Mortgage Funding

Legal name

CMG Mortgage, Inc.

Website

https://capitalmortgagefunding.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Capital Mortgage Funding is a privately held residential mortgage bank founded in 1992 and headquartered in Southfield, Michigan, serving homebuyers, refinancers, financial institutions, and employers across multiple U.S. states via in-house origination and a network of senior loan officers under the CMG Home Loans platform.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mini-Correspondent / Table Funding Programs (FSALACAC)

akta.pro secondary industry

Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

Keywords

• Residential mortgage lending
• Home loan origination
• Mortgage refinancing
• Mortgage banking
• Loan fulfillment services

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Loan Origination Fees: Revenue generated through origination fees on mortgage loans closed. As a mortgage bank, the company funds loans and sells them on the secondary market, earning origination income from borrowers and servicing rights.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Capital Mortgage Funding is a residential mortgage banking firm that originates, processes, underwrites, and closes home loans internally. Core offerings include conventional, FHA, VA, USDA, jumbo, renovation, and first-time homebuyer loan programs, as well as home purchase and refinance services. The company extends its origination capability outward through a financial institution outsource/fulfillment program for community banks and credit unions and offers employer-sponsored benefit programs for corporations and municipalities.

Product overview

Capital Mortgage Funding operates as a mortgage banking firm offering a comprehensive portfolio of residential mortgage products. The core offerings include seven distinct loan programs (Conventional, FHA, VA, USDA, Jumbo, Renovation, and First Time Home Buyer loans) plus purchase and refinance services. The company also provides a free Payment Calculator tool. Supporting services include Financial Institutions Lending (outsourcing for community banks and credit unions), Benefit Programs (employer-sponsored mortgage packages), and educational media products (The Hardcore Mortgage Podcast and The Hardcore Mortgage Show radio program). Founded in 1992 and now part of CMG Home Loans, the company functions as a mortgage bank rather than a brokerage, enabling them to originate, process, underwrite, and close loans internally.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans Conventional mortgages following Fannie Mae and Freddie Mac guidelines with a 2024 loan limit of $766,550, fixed or adjustable rates, and up to 97% LTV for primary residences (up to 90% for second homes). Designed for qualified homebuyers seeking conforming financing.
• FHA Loans Federal Housing Administration loans with flexible qualifications including down payments as low as 3.5%, higher debt-to-income allowances, and accommodations for borrowers affected by foreclosure or bankruptcy. Up-front MIP of 1.75% is included in the loan amount. Targets borrowers who may not qualify for conventional financing.
• VA Loans Department of Veterans Affairs guaranteed loans for eligible service members, veterans, and surviving spouses. Features include no down payment requirement, loan limits up to $5 million, and no mortgage insurance requirement. VA Funding Fee is included in the loan amount.
• USDA Loans United States Department of Agriculture loans assisting mid to low income households in eligible rural areas with 0% down payment financing. Includes financing for new construction, existing homes, and home improvements. Provides 90% loan note guarantee to lenders.
• Jumbo Loans Non-conforming mortgages for homes exceeding the conforming loan limit, with maximum LTV of 89.99% for purchase, generally 80% for rate-term refinance, and 75% for cash-out refinance. Designed for buyers purchasing high-value properties.
• Renovation Loans Loans enabling homeowners to finance home improvements and renovations, allowing payment over time and using available equity even when little existing equity is in the home. Suits buyers purchasing fixer-uppers or owners funding improvements.
• First Time Home Buyer Loans Comprehensive mortgage program for first-time homebuyers featuring a step-by-step process including credit checking, pre-approval, home shopping guidance, and closing assistance. Includes access to down payment programs with as low as 1% down.
• Home Purchase Financing Home purchase assistance with pre-approval services to help buyers determine their budget and strengthen purchase offers. Includes connections with realtors and step-by-step guidance through the home buying process for primary, secondary, and investment properties.
• Mortgage Refinance Refinancing services including lower interest rates, loan term adjustments, debt consolidation, cash-out options, and conversion from adjustable-rate to fixed-rate mortgages. Designed for homeowners looking to lower rates, consolidate debt, or access home equity.
• Financial Institutions Lending (Outsource Fulfillment) Mortgage fulfillment and outsourcing program for financial institutions including community banks and credit unions, offering a complete menu of mortgage products along with processing, underwriting, and closing services on a white-label basis. Enables institutional partners to deliver mortgage solutions without building in-house capability.
• Employer Benefit Programs Employee benefit packages for companies and municipalities offering exclusive mortgage incentives including closing cost discounts and educational seminars for employees. Designed to support employee recruitment, retention, and work/life balance.

Quantifiable outcome

• Helped thousands of families across the country finance homes
• +3 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• CMG Home LoanscoreChannel Partner/ Reseller/ Distributor · 1 October 2023In October 2023, Capital Mortgage Funding became part of CMG Home Loans, powered by one of the fastest growing national mortgage companies. CMG Home Loans is NMLS ID# 1820. This partnership provides access to national resources while maintaining local operations. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia.

Scale indicators7 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• CrossCountry Mortgage: CrossCountry Mortgage is a national retail mortgage lender with a large branch and loan officer network. Both companies offer conventional, FHA, VA, USDA, and jumbo products through a retail mortgage bank model with in-house processing and underwriting.
• Movement Mortgage: Movement Mortgage is a large retail mortgage lender with a strong culture and branch network across the US. Both companies are relationship-driven retail mortgage banks competing for the same loan officer talent and consumer borrowers.
• Paramount Residential Mortgage Group (PRMG): PRMG is a national retail and wholesale mortgage bank offering a full menu of government and conventional products. Both companies operate as mortgage banks (not brokers), originate FHA/VA/USDA and conventional loans, and serve community banks and credit unions through correspondent/outsourcing relationships.
• Guaranteed Rate: Guaranteed Rate is a large national retail mortgage bank offering purchase and refinance products across multiple loan types. Both Capital Mortgage Funding and Guaranteed Rate operate a retail mortgage bank model with in-house origination and a relationship-driven loan officer force.
• Guild Mortgage: Guild Mortgage is a national retail mortgage bank with a strong branch network offering conventional, FHA, VA, USDA, and specialty products. Both companies are mortgage banks (not brokers) with regional branch presence and overlapping product offerings targeting first-time and move-up buyers.
• New American Funding: New American Funding is a national retail mortgage lender with a strong focus on Hispanic and first-time homebuyer segments, offering conventional, FHA, VA, and specialty products. Both companies target first-time and underserved buyer segments with retail mortgage bank origination.
• loanDepot: loanDepot is a large national retail and wholesale mortgage lender offering conventional, FHA, VA, USDA, and jumbo products. Both companies originate, process, underwrite, and close residential mortgages in-house and sell them to the secondary market, with overlapping customer segments and product menus.
• Rocket Mortgage: Rocket Mortgage is the largest retail mortgage lender in the United States and offers conventional, FHA, VA, USDA, and jumbo loans directly to consumers. Both companies compete for the same residential mortgage customer using a direct origination model, though Rocket operates at vastly greater national scale and through a tech-led platform.
• United Wholesale Mortgage (UWM): UWM is the largest wholesale mortgage lender in the US, funding loans through a broker network. Capital Mortgage Funding operates as a retail mortgage bank funding loans for the secondary market, making UWM a structural mirror in the wholesale channel and a competitor for talent and capital partner relationships.

Broad incumbents

• CMG Home Loans: CMG Home Loans is the parent platform that acquired Capital Mortgage Funding in October 2023 and is licensed in all 50 states. It offers the same core mortgage products (conventional, FHA, VA, USDA, jumbo) at national scale, making it both a strategic partner and the closest incumbent under whose umbrella Capital Mortgage Funding now operates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/CapitalMortgageFundingNMLS2289Southfield
• Facebookfacebook.com/CapitalMortgageFunding
• Xx.com/LowRateOnline
• LinkedInlinkedin.com/company/capital-mortgage-funding

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Mortgage Funding